Completion Payments Sample Clauses
The Completion Payments clause defines the obligation for one party to make specific payments upon the successful completion of certain milestones or the entire contract. Typically, this clause outlines the timing, amount, and method of payment that becomes due once the agreed deliverables are finalized and accepted. By clearly specifying when and how final payments are made, the clause ensures both parties understand their financial responsibilities and helps prevent disputes over payment timing or conditions.
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Completion Payments. Australian Apprentices who complete their qualification are eligible for a completion payment. The completion payment id paid by the ACT Government directly to the Australian Apprentice. The payment is received upon completion of the qualification and a survey. The completion payment is $300 per qualification. Australian Apprentices will be eligible to receive he payment for up to one year after successful completion of the qualification provided up to date email and bank account details are confirmed. On ATC notifying Skills Canberra of a successful completion, Skills Canberra will email a survey to Australian Apprentice’s eligible for the payment. The payment will be made when the student has submitted the survey response. An Australian Apprentice is not eligible for a completion payment where more than 50% of the units are completed through RPL. A significant proportion of units completed through credit transfer may also impact on student eligibility for this payment.
Completion Payments. All amounts expressed to be payable to the Sellers at Completion pursuant to any provision of this Agreement shall be paid to such accounts as nominated in writing by the Institutional Sellers and the Management Sellers’ Representatives and the receipt of each such amount in such accounts shall be an absolute discharge to the Purchaser of the obligation to pay such amount and the Purchaser shall not be concerned to see to the application of any such amount thereafter.
Completion Payments. (a) Two Business Days after the Completion of the first Site, Lessee shall pay to Agent a portion of the Lease Balance in an amount equal to the aggregate Facility Fee payable pursuant to Section 2.15.
(b) Two Business Days after Completion of the Financed Improvements for each Site, Lessee shall pay to Agent a portion of the Lease Balance in an amount equal to the aggregate accrued Commitment Fee allocated to such Site pursuant to Section 2.15.
(c) Upon receipt of any such payment pursuant to this Section 2.16, Agent will promptly distribute to the Participants their pro rata portions of such amounts in accordance with Article III of the Loan Agreement.
Completion Payments. On Completion, the Purchaser shall pay, with value date (date de valeur) on the Completion Date, by way of wire transfer of immediately available funds (all such payments, together the “Completion Payments”):
3.3.1 If Polish Closing occurs prior to Target Date, to the Sellers (or to any other Persons, as listed in the Pre-Completion Statement), the amount set forth in Article 3.2(iv); or
3.3.2 If Polish Closing does not occur prior to Target Date, to the Sellers (or to any other Persons, as listed in the Pre-Completion Statement): the amounts set forth in Article 3.2(v), in each case to the bank accounts, the references of which are set out in the Pre-Completion Statement.
Completion Payments. On Completion, the Purchaser (i) shall pay the Purchase Price to the Seller in accordance with Clauses 3.3.1 and 9.2 and Schedule 9.2 (Completion Events), and (ii) shall procure that the Company and Assembléon Netherlands B.V. are put into funds in accordance with Clauses 7.1 to 7.1.4 so that the Intercompany Loans Repayment Amount shall be satisfied in full on the Completion Date.
Completion Payments. On Completion, the Purchaser shall:
(a) pay or cause the Group Companies to pay an amount equal to the Group Indebtedness (with value date of the Completion Date), as specified in the Pre-Completion Statement, by electronic transfers of funds to the accounts of the Existing Financing Banks and of the Sellers’ Representative (as the case may be) as specified in the Pre-Completion Statement;
(b) pay or cause the Acquired Companies to pay the aggregate Stock-Option Waiver Amount (with value date of the Completion Date), as notified by the Sellers’ Representative to the Purchaser as contemplated under Section 3.3.1(a) above; and
(c) pay to the Sellers’ Representative, acting on behalf of the Sellers, the full amount of the Purchase Price (with value date of the Completion Date) by electronic transfers of funds to the accounts of the Sellers’ Representative (with a copy of such wire transfer order and of the SWIFT screen evidencing the transfer being delivered to the Sellers’ Representative). Receipt by the Sellers’ Representative of the payment of the Purchase Price in its bank accounts shall be an effective discharge of the Purchaser’s obligation to make such payment. The payments referred to in paragraphs (a), (b) and (c) above are together defined as the “Completion Payments”.
Completion Payments. At Completion, the Purchasers shall:
(i) pay the Estimated Securities Purchase Price to the Vendors as set out in the Pre-Completion Statement on the Vendors Pivot Account;
(ii) pay the Suzhou Purchase Price to ▇▇▇▇▇ Suzhou by wire transfer to the relevant the bank account specified in the Pre-Completion Statement, with value date on the Completion Date if the transfer of the Suzhou Business occurs on the Completion Date in accordance with the provisions of Clause 2(a)(iii);
(iii) make available to the relevant Group Companies the funds necessary for, and cause the Group Companies to complete, the repayment or redemption in full of the Existing Indebtedness and the Intercompany Non-Trading Payables by wire transfer(s) to the relevant the bank account(s) specified in the Pre-Completion Statement, with value date on the Completion Date, provided that all Taxes and costs to be paid in relation to the repayment or redemption would be borne by the Vendors (either directly or through inclusion in the Net Debt); (together the Completion Payments).
Completion Payments. Subject to Employee’s satisfactory completion of all required duties during 2019 and the Part-Time Period; Employee’s re-execution of this Agreement on or after the Retirement Date; and Employee’s compliance with all provisions of this Agreement, Employer will make the following additional payments to Employee following the Retirement Date: